New Laws to Protect Off-The-Plan Buyers

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Date: 23 Jun 2018

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NSW home buyers who purchase off-the-plan will be able to terminate contracts or claim compensation if they're materially impacted by changes made to their properties, under proposed changes announced by the state government.
Property Minister Victor Dominello on Saturday announced the reforms aimed at creating stronger protections for off-the-plan buyers. "Buying off-the-plan has become increasingly popular. But there are risks involved, and buyers can't just rely on lavish display centres and glossy brochures," Mr Dominello said in a media release.